5/5/2006- Ron Paul Advisor Peter Schiff On Bloomberg

[chootlund]

I almost always see people(on TV, i.e.) laugh dismissively when Peter talks about the fraudulent Govt. stats. Its kinda like when people must have laughed at Galileo for proposing the earth is not the center of the universe.

[fuzzywzhe]

It's funny that Peter is *never* given a chance to discuss how GDP numbers are calculated today, versus how they were calculated in 1950, or how they are calculated in China now. He's entirely correct to call the # "fluff"

[SolitonPL]

Stupid pink BIAAATCH! Are you laughing now?

Are you laughing!

[thinkrevolution]

Bob Barr 2008!

[davincij15]

compare Barr with Baldwin then decide.

[thinkrevolution]

I'm actually voting for Chuck Baldwin more than likely, but I'm also supporting Bob Barr. I tell everyone about both of them.

[mets48853]

interest rates will be going up soon and so will the dollar. I would be selling my gold and silver if I were you....

[CBound]

Interest rates may or may not be going up soon. The Fed can only afford to raise rates if the economy is not in an obvious rescission around the time the Fed meets.

If rates do rise, I don't see them rising far.

As long as we here in the U.S. import much more than we export, then the USD will remain under great pressure compared to gold and commodities.

[CBound]

That being said, in the short run, the dollar may indeed rally as it has fallen quite far and may have a upward correction.

I'm holding gold and silver for the long term, it's too tricky to try to guess what the Fed and the economy is going to do in the sort term.

[JackNeedles]

Lol, funny when Peter said, "Na, I'm sugar-coating it." Very true. Most people don't even realize how bad things are going to get within the next few years. The show is now just getting started.

[rahmega7]

The guy peter was arguing against was a Bear Stearns economist! LOLOLOLOLOL

[mrzack888]

What will happen to Hollywood and Sports when the dollar crashes?  will there still be movies and football and basketball for me to watch?

[sbmillionair]

is that all you care abotu honestly? you will have much more problems than that.

[NeonKnight88]

Phil I am a longtime fan of you and Peter.

I am a college student in economics/finance and I want to protect what meager wealth I have by buying silver. Can you recommend me a good medium to do it through and what exactly do I need to do?

[PhilDeCarolis]

NeonKnight88,

Thank you for your compliment but I am no one to be a fan of unlike Peter who is an amazingly accurate economist. If you like, send me an e-mail and I will give you my Europac brokers contact info so he can get you going in the right direction with your investments as I am a Realtor and not an investment broker so I can't advise you on your investment portfolio. My broker has taken great care of me and you can be sure he will take care of you.

[Tasadaru]

Mr. Phil, I too have an account with europacific and greatly appreciate your vids. Whenever people go against Ron Paul, I can always refer to the videos you put up to prove the wrong. "Unite, or Die."

[kosai19]

Peter is a smart guy. That is very obvious, but I wouldn't make him out to be a profit. He's just one of the few who goes on TV as much as possible to warn the public so that they can do what's necessary to prepare themselves. The rest of World has known this for so long. It's just the mainstream media that's leading the U.S. astray.

[davincij15]

NeonKnight:

Do not buy silver certificates if you don't hold it you do no not own it.

You are risking 3rd party default and if some one says it's backed by government consider this...

1971 the united states government closed the gold windows thus defaulting on the promise to pay gold for US dollars.

In 1933 banks defaulted to US citizens on the convertibility of $20 to a gold coin.

Everything around you is just a promise and when those promises are called all at once they will be broken.

[davincij15]

Physical silver is the only way to go. You will not only feel better having it on you, but you will also help end the scam of the dollar.

[CBound]

NeonKnight88,

I too think physical silver is the way to go, and have invested in silver bullion over the last several years. That said, you need to realize that silver bullion is taxed as a collectible at about 28% if I remember correctly.

I'm holding for the long term so it doesn't matter like it would if I were trading it.

[jspark311]

I am in your position as well. I recommend purchasing from a dealer in Arizona, as precious metals are not subject to sales tax here. There is a small spread and shipping costs, but I usually pay about $1 above spot per-ounce.

If you want to email me, I will send you my dealer's contact info.

[SolitonPL]

Are luaghing right now pinky biaaaaatch? Heahee?